Kathmandu – Nabil Bank and Gateway Payment Services Pvt. Ltd has tie up a business agreement. The bank on Wednesday partnered with Gateway Payments to approve its mobile-based real-time payment system, Unified Payment Interface (UPI) in Nepal.
The agreement has been signed by Nil Keshari Shah, Chief Executive Officer of the Bank and Rajesh Prasad Manandhar, Chief Executive Officer of Gateway Payment Services. The partnership will enable Nabil Bank’s mobile banking users to make secure and seamless payments at merchant stores across India.
Similarly, merchants affiliated and capable of Nabil UPI QR will be able to accept payments from Indian tourists using UPI based mobile apps including PhonePay, Google Pay, and Paytm.
UPI is a real-time payment system developed by the National Payments Corporation of India to facilitate interbank and cross-border transactions. The partnership is believed to enable millions of Nepalese and Indians who travel across the border each year to pay for health, education and business services without having to make hassle-free payments using GX-based mobile apps in stores and merchant stores in both countries.
Nabil Bank, which has been providing timely services to its esteemed clients since 1984, has 150 branches, 187 ATMs and more than 1500 Nabil Remittance Agents. .